The federal lifetime gift and estate tax exclusion will increase for 2023, with possible increases for 2024 and 2025. However, these high thresholds are only temporary, unless there is a change in tax law.
2022 has been a tough year for many seniors, but the outlook for 2023 shows some potential ‘silver linings.’
The main responsibility of an executor of a will is to carry out the final wishes of the person who bestowed that position of trust.
A love for nursing and a desire to help young people prompted a Norfolk man to include a nursing scholarship at Northeast Community College in his estate planning.
Physicians may deal with life and death issues every day. However, few may want to think about the eventuality of their own end.
The government has announced a change that may help ease the pain for those who depend on Social Security, along with two others that will affect those who are still working.
From time to time, it’s good to review why having a complete, up-to-date estate plan is so important.
If you own any property at all, you probably know about estate planning. You can decide what happens to your assets after you die, of course.
A Last Will and Testament is a document you create during your lifetime that directs where your assets that are subject to probate (the formal process of having your assets distributed through the court system) will go at your death.
Failing to properly plan for disability, death, or the ultimate transition of a family business can lead to disastrous financial consequences for both the business and the family.
